Feeds

Telefonica denies KPN merger talks

Just rumours?

Boost IT visibility and business value

Telefonica SA today denied it is discussiong a merger with Dutch telco KPN. This weekend the Wall Street Journal reported that Telefonica is making a $24bn bid for the Dutch company. Initially, both KPN and Telefonica declined to comment. Now, a Telefonica spokesman tells the financial news service AFX "that we want to deny that there have been talks with KPN".

Five years ago KPN and Telefonica discussed a merger, but Telefonica backed off because of concerns about the Dutch government's stake in KPN. At that time, the Dutch government owned about 43 per cent of KPN. Now it only holds a 20 per cent stake. Also, both companies were hit by the collapse of the tech bubble.

Telefonica, however, is clearly on a shopping spree. The company, which has a customer base of over 145 million, recently took a 51 per cent stake in the Czech Republic's Cesky Telecom. ®

The essential guide to IT transformation

More from The Register

next story
UK fuzz want PINCODES on ALL mobile phones
Met Police calls for mandatory passwords on all new mobes
Canadian ISP Shaw falls over with 'routing' sickness
How sure are you of cloud computing now?
Don't call it throttling: Ericsson 'priority' tech gives users their own slice of spectrum
Actually it's a nifty trick - at least you'll pay for what you get
Three floats Jolla in Hong Kong: Says Sailfish is '3rd option'
Network throws hat into ring with Linux-powered handsets
Fifteen zero days found in hacker router comp romp
Four routers rooted in SOHOpelessly Broken challenge
New Sprint CEO says he will lower axe on staff – but prices come first
'Very disruptive' new rates to be revealed next week
US TV stations bowl sueball directly at FCC's spectrum mega-sale
Broadcasters upset about coverage and cost as they shift up and down the dials
O2 vs Vodafone: Mobe firms grab for GCHQ, gov.uk security badge
No, the spooks love US best, say rival firms
Ancient pager tech SMS: It works, it's fab, but wow, get a load of that incoming SPAM
Networks' main issue: they don't know how it works, says expert
Trans-Pacific: Google spaffs cash on FAST undersea packet-flinging
One of 6 backers for new 60 Tbps cable to hook US to Japan
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.